📋 Tender Overview
Reference: 20240530
Release date: 23 April 2025
Promoter – Financial Intermediary
OFFICIAL CREDIT INSTITUTE
Location
Spain
Description
The operation consists of a lending line to ICO to support Spanish small and medium sized enterprises (SMEs) and mid-caps.
Objectives
The aim is to finance investments and working capital needs of the final beneficiaries. At least 10% of total financing will be dedicated to Climate Action.
Sector(s)
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal - 11/09/2024
